Using the figure below,list the different types of electromagnetic waves in order of increasing frequency.
Definitions:
Long-run Equilibrium
A state in which all inputs can be adjusted by firms, market supply meets demand, and no economic profit is earned by firms in a perfectly competitive market.
Long-run Equilibrium
A state in an economy or market where all factors of production and economic variables are balanced, and there are no external pressures forcing change.
MR = MC
The condition under which profit is maximized, where marginal revenue equals marginal cost.
P > MC
Indicates a situation where the price of a good is greater than the marginal cost of producing it, suggesting a potential for profit.
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